Plan Ledger DOL Form 5500 · updated monthly

Iroquois Pipeline Operating Company401(k)

IROQUOIS PIPELINE OPERATING COMPANY SAVINGS PLAN · SHELTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.16%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Iroquois Pipeline Operating Company reported $59,486 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $6,843 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.11% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 346th-largest of 1,106 plans among Connecticut employers on file, and the 205th of 412 in utilities. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,319,348
Participants with balances112
Active participants89
Employer contributions$609,002
Employee contributions$1,303,780
Employer contribution per active participant$6,843
Average account balance$351,066
Benefits paid to participants$4,678,076
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.3M · 112 accts · $609K emplr
2023$35.2M · 109 accts · $595K emplr
2022$35.9M · 106 accts · $580K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,029
Investment management$46,457
Total administrative$59,486
The Iroquois Pipeline Operating Company 401(k) match · 2024
Employer contribution per active participant$6,843
Median for plans this size$2,416
2024$6,843 per active participant
2023$6,615 per active participant
2022$6,515 per active participant

Iroquois Pipeline Operating Company's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
USI ADVISORS, INC · Investment advisory (plan)$46,457
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,029

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$59,486 · 0.16%
2023$31,783 · 0.09%
2022$44,378 · 0.11%
Similar plansUtilities · Connecticut
Aquarion Water Company CT$108.0M · 0.05%
Greenskies Clean Energy CT$8.0M · 0.43%
SUNENERGY1 LLC CT$6.5M · 0.57%
Gamechange Solar Corp. CT$5.8M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061266157 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.